2min chapter

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Real Estate in a Pandemic: Homeowners and Buyers (Part 1)

a16z Podcast

CHAPTER

The Future of Mortgage Appraisals?

The appraisal is always o a sticking point in the mortgage process, more so now with social distancing in place. Appraisal wavers have actually increased to thirty per cent from ten per cent since chronovirus hit. I think over time, anything that's done by a human in a very automated way eventually gets done by a computer. And there's a lot of subjectivitys l, which is why, if you send five different appraisers into a property, you're ging to get five different numbers....

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